Inside the cyberattack that cost M&S £650 million in days

• Hackers from the Scattered Spider network used social engineering tactics to breach Marks and Spencer and Co-op systems, causing significant disruption and financial losses.
• The hackers tricked IT help desk workers into granting them access, according to sources who spoke to the BleepingComputer website, leading to a cyberattack that cost M&S £650m in lost value.
• The attacks disrupted online services, including contactless payments and click-and-collect orders.
• The National Cyber Security Centre (NCSC) has issued new guidance to organisations on strengthening their security practices, particularly password reset processes.
• Scattered Spider, known for targeting casinos and demanding ransoms, is suspected of being behind the attacks, with one alleged member recently extradited to the US.

IN FULL

M&S hackers tricked IT help desk workers to access company systems, says report